Any practising advisor in Québec must be legally associated with a dealer recognized by the Investment Industry Regulatory Organization of Canada (IIROC).
Over 15 years ago, I chose to join PEAK Financial Group, a firm which, like me, values integrity and the independence of its advisors above all else. By independence, I mean that PEAK offers only third-party products and has no dependencies on product suppliers. It is a rare phenomenon in Québec. This allows me to provide you with the best products on the market without potential conflicts of interest. I manage my own practice and PEAK provides the technological resources, as well as a platform to access financial markets and mutual fund suppliers.
Created in 1992 and among the very first independent financial groups in Canada, PEAK Financial Group brings together over 1,000 independent financial professionals who are attentive to the needs of more than 135,000 Canadian investors across the country. PEAK manages over 6 billion dollars in assets under management and a portfolio of insurance contracts worth 2 billion dollars.
What is meant by the "largest independent dealer in Canada"?
PEAK is not owned by a bank, an insurance company, or any other financial institution that could influence the recommended financial planning strategies. No "house products" are included in its product offering in order to ensure complete impartiality.
Is PEAK Securities subject to regulations?
PEAK Securities holds a dealer permit from the Investment Industry Regulatory Organization of Canada (IIROC) that regulates the Canadian securities industry.
Is PEAK Financial Group subject to external audits?
PEAK Financial Group is subject to two types of audits. Firstly, the Autorité des marchés financiers (AMF) regularly audits dealers. A client can contact the AMF to request dealer information. The AMF will confirm the type of permit held by the dealer and inform the client of any complaints on file. Secondly, the firm Deloitte & Touche subject PEAK Financial Group to a financial and statutory audit. This exercise includes a rigorous review to determine if the firm complies with current laws and regulations.
Can PEAK Financial Group use my funds for its own benefit?
All funds entrusted to PEAK Financial Group for investment are deposited into distinct trust accounts managed separately from its own operational accounts. The firm ensures that the funds from these trust accounts are invested in the instruments specifically chosen by each client.
Client funds can never be deposited into an account other than a trust account, nor withdrawn from a trust account for purposes other than to make purchases as requested by a client or to make a payment to a client.
Do I benefit from some protection if my securities dealer
Yes. PEAK Securities Inc. is a member of the Canadian Investor Protection Fund (CIPF). Therefore, you will be compensated in case of dealer insolvency up to specific amounts. To find out all the details, please visit the CIPF website.